COCO Vita Coco Company Inc

Corinthian Colleges Announces New NIT Campus to Open in Detroit, Michigan - Expands Presence in Michigan to Five Campuses - SANTA ANA, Calif., Nov. 25 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. today announced that it has signed a lease covering approximately 23,600 square feet located at 300 River Place, Detroit, Michigan for a new National Institute of Technology (NIT) campus. The new facility is expected to open in the fiscal 2004 second quarter ending December 31, 2003 and will be Corinthian's third NIT campus in the greater Detroit metropolitan area. "We expect the new Detroit campus will enable Corinthian to continue building upon the well known NIT brand name, while leveraging marketing and operating efficiencies for all five of our Michigan campuses," said David G. Moore, Corinthian's chairman and chief executive officer. "Further, our expansion in Michigan highlights our ongoing growth strategy to provide high quality education opportunities to students seeking the skills required to meet employer needs. We look forward to growing our business in the greater Detroit metropolitan area." The new NIT Detroit campus will offer accredited diploma programs in allied health. Medical assisting will be the initial program offering, followed by medical insurance billing/coding and surgical technologist. The campus is expected to have a student population of approximately 400 students within two years after opening. Other NIT Detroit area campuses include Dearborn and Southfield, Michigan. Corinthian also operates Olympia Career Training Institutes in Grand Rapids and Kalamazoo, Michigan. Corinthian has announced that it expects to open between six and eight new branch campuses in fiscal 2004, and NIT Detroit is the seventh announced campus. About Corinthian Colleges, Inc. Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, and serves the large and growing segment of the population seeking to acquire career-oriented education to become more qualified and marketable in today's increasingly demanding workplace. Corinthian's colleges offer master's, bachelor's and associate's degrees and diploma programs in a variety of fields, with a concentration on careers in healthcare, business, criminal justice and technology. Corinthian operates 81 colleges and two continuing education centers in 21 states in the U.S., and 46 colleges and 15 corporate training centers in seven Canadian provinces. Upon the expected openings of the Detroit campus and the previously announced branch campuses in Henderson, Nevada (second quarter of fiscal 2004), Jacksonville, Florida, Sacramento, California, Chelsea, Massachusetts, McLean, Virginia (all third quarter of fiscal 2004), and Ft. Worth, Texas (first quarter of fiscal 2005), the company will operate 88 colleges and two continuing education centers in 21 states in the U.S. and 46 colleges and 15 corporate training centers in seven Canadian provinces. Certain statements in this press release may be deemed to be forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company intends that all such statements be subject to the "safe-harbor" provisions of that Act. Such statements include, but are not limited to, the company's expectations regarding marketing and operating efficiencies for its Michigan campuses, its expectations regarding student population at the Detroit, Michigan location, its plans to open between six and eight new branch campuses during fiscal 2004 and the opening dates for previously announced new branch campuses. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including construction delays for new branch campuses, possible failure or inability to attain regulatory consents for branch campuses, potential increased competition, possible changes in student perception, changes in demand for curricula offered by the company, the effectiveness of the company's advertising and promotional efforts, and the other risks and uncertainties described in the company's filings with the U.S. Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Corinthian Colleges, Inc. CONTACT: Dennis Beal, EVP/CFO, Ext. 432, or Diane Donohue, Director, IR/PR, Ext. 359, both of Corinthian Colleges, Inc., +1-714-427-3000; or Cecilia Wilkinson, or Rosemary Moothart, both of PondelWilkinson MS&L, +1-323-866-6060, for Corinthian Colleges, Inc. Web site: http://www.cci.edu/

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